Martin E. Plourd - Dec 4, 2023 Form 4 Insider Report for COMMUNITY WEST BANCSHARES / (CWBC)

Role
President and CEO, Director
Signature
/s/ Nadia Young for Martin E. Plourd
Stock symbol
CWBC
Transactions as of
Dec 4, 2023
Transactions value $
$145,608
Form type
4
Date filed
12/6/2023, 12:28 PM
Previous filing
Aug 7, 2023
Next filing
Dec 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWBC Common Stock Options Exercise $146K +20K +18.25% $7.31 130K Dec 4, 2023 Direct F1, F3
transaction CWBC Common Stock Tax liability -$147K -10.6K -8.14% $13.91 119K Dec 4, 2023 Direct F1, F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CWBC Stock Option (right to buy) Options Exercise $146K +20K $7.31 0 Dec 4, 2023 Common Stock 20K $7.31 Direct F1, F4
holding CWBC Stock Option (right to buy) 1.65K Dec 4, 2023 Common Stock 1.65K $6.70 Direct F5
holding CWBC Stock Option (right to buy) 20K Dec 4, 2023 Common Stock 20K $6.70 Direct F6
holding CWBC Stock Option (right to buy) 25K Dec 4, 2023 Common Stock 25K $6.86 Direct F7
holding CWBC Stock Option (right to buy) 20K Dec 4, 2023 Common Stock 20K $10.30 Direct F8
holding CWBC Stock Option (right to buy) 10K Dec 4, 2023 Common Stock 10K $10.99 Direct F9
holding CWBC Stock Option (right to buy) 20K Dec 4, 2023 Common Stock 20K $10.56 Direct F10
holding CWBC Stock Option (right to buy) 20K Dec 4, 2023 Common Stock 20K $10.70 Direct F11
holding CWBC Stock Option (right to buy) 3K Dec 4, 2023 Common Stock 3K $6.71 Direct F12
holding CWBC Stock Option (right to buy) 25K Dec 4, 2023 Common Stock 25K $9.89 Direct F13
holding CWBC Stock Option (right to buy) 20K Dec 4, 2023 Common Stock 20K $12.94 Direct F14
holding CWBC Restricted Stock Award 8K Dec 4, 2023 Common Stock 10K $0.00 Direct F15, F18
holding CWBC Stock Option (right to buy) 10K Dec 4, 2023 Common Stock 10K $14.72 Direct F17
holding CWBC Restricted Stock Award 6K Dec 4, 2023 Common Stock 6K $0.00 Direct F16, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 4, 2023, Martin Plourd exercised 20,000 shares that were fully vested. Of those shares, 9,447 shares were held and 10,553 shares were sold to purchase the exercise price.
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.85 to $14.00, inclusive.
F3 Includes 16,000 shares of restricted stock subject to a vesting schedule set forth in the restricted stock grant and subject to forfeiture upon the occurrence of certain events specified in the restricted stock grant.
F4 The option was granted on January 30, 2014 under CWB 2006 Stock Option Plan and vests over five year as follows: 4,000 option shares on January 30 of 2015, 2016, 2017, 2018, and 2019.
F5 The option was granted on March 26, 2015, and was originally exercisable for 5,000 shares. The reporting person previously partially exercised the option to acquire 3,350 shares thus, there are 1,650 remaining options shares underlying the option. The remaining portion of the option vests as follows: 650 shares on March 26, 2019 and 1000 shares on March 26, 2020.
F6 The option was granted on March 26, 2015 under CWB 2006 Stock Option Plan and vests over five year as follows: 4,000 option shares on March 26 of 2016, 2017, 2018, 2019, and 2020.
F7 The option was granted on March 24, 2016 under CWB 2014 Stock Option Plan and vests over five year as follows: 5,000 option shares on March 24 of 2017, 2018, 2019, 2020, and 2021.
F8 The option was granted on February 22, 2017 under CWB 2014 Stock Option Plan and vests over five year as follows: 4,000 option shares on February 22 of 2018, 2019, 2020, 2021, and 2022.
F9 The option was granted on December 20, 2017 under CWB 2014 Stock Option Plan and vests over five year as follows: 2,000 option shares on December 20 of 2018, 2019, 2020, 2021, and 2022.
F10 The option was granted on November 15, 2018 under CWB 2014 Stock Option Plan and vests over five year as follows: 4,000 option shares on November 15 of 2019, 2020, 2021, 2022, and 2023.
F11 The option was granted on February 27, 2020 under CWB 2014 Stock Option Plan and vests over five year as follows: 4,000 option shares on February 27 of 2021, 2022, 2023, 2024, and 2025.
F12 The option was granted on April 29, 2020 under CWB 2014 Stock Option Plan and vests over five year as follows: 600 option shares on April 29 of 2021, 2022, 2023, 2024, and 2025.
F13 The option was granted on February 25, 2021 under CWB 2014 Stock Option Plan and vests over five year as follows: 5,000 option shares on February 25 of 2022, 2023, 2024, 2025, and 2026.
F14 The option was granted on November 18, 2021 under CWB 2020 Omnibus Plan and vests over five year as follows: 4,000 option shares on November 18 of 2022, 2023, 2024, 2025, and 2026.
F15 The restricted stock was granted on November 18, 2021 under CWB 2020 Omnibus Plan and vests over five year as follows: 2,000 option shares on November 18 of 2022, 2023, 2024, 2025, and 2026. 2,000 restricted stock shares vested on 11/18/2022. Remaining balance unvested is 8,000.
F16 The restricted stock was granted on November 17, 2022 under CWB 2020 Omnibus Plan and vests over five year as follows: 1,200 option shares on November 17 of 2023, 2024, 2025, 2026, and 2027.
F17 The option was granted on November 17, 2022 under CWB 2020 Omnibus Plan and vests over five year as follows: 2,000 option shares on November 17 of 2023, 2024, 2025, 2026, and 2027.
F18 Not applicable.